Retail giant, Shoprite’s outlets shut across Nigeria, firm loses millions


The bickering between the Africa’s biggesr supermarket chain and workers worsens

The business activities at the 25 outlets of the Africa’s biggest supermarket chain, Shoprite, in Nigeria have been grounded into a halt, causing the Africa’s biggest supermarket chain the loss of millions in naira

Though Shoprite had, last year, revealed its plan to pull out of Nigeria, this latest shut down was caused by the employees of the company who have embarked on an industrial action.

The South African-owned Shoprite is, nonetheless, still looking at selling all “or a majority stake” of its operations in Nigeria.

The terms signed by staff if the retail giant, according to a report on FIJ, indicated that they were supposed to work with Shoprite South Africa until between 2035 and 2040.

But with the management’s plan to exit in June, the staff demanded to be paid off rather than run the risk of being sacked after they’re transferred to a new Nigerian company — a demand Shoprite has been uninterested in.

In August 2020, the South African retail giant, announced the commencement of a formal process to exit Nigeria.

The multi-national retail group made the announcement in its operational and voluntary trading update for the year ended June 28, 2020.

Shoprite is said to have been acquired by Palms a subsidiary of Tayo Amusan’s Persianas Group.

The company formed in 1990 and, has since grown to become a substantial group with the proven capabilities to initiate, construct and manage high-quality retail stores.

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